Metals & Minerals Stocks Under Review -- Teck Resources, Cameco, Uranium Resources, and Tahoe Resources
NEW YORK, March 14, 2017 /PRNewswire/ --
Industrial Metals and Minerals is a cyclical industry that lies at the heart of the global construction and manufacturing industries. There are four kinds of companies in this space: large-scale miners, those with a heavy exposure to metals or minerals, niche market players such as rare-earth miners, and metals producers, which tend to focus on one particular metal. Pre-market, Stock-Callers.com takes a closer look at the recent performances of these four stocks: Teck Resources Ltd (NYSE: TECK), Cameco Corp. (NYSE: CCJ), Uranium Resources Inc. (NASDAQ: URRE), and Tahoe Resources Inc. (NYSE: TAHO). Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Teck Resources
On Monday, shares in Vancouver, Canada-based Teck Resources Ltd recorded a trading volume of 4.28 million shares. The stock ended the day at $20.47, rising 3.02% from the last trading session. The Company's shares have advanced 2.20% on an YTD basis. The stock is trading above its 200-day moving average by 9.44%. Furthermore, shares of Teck Resources, which explores, develops, and produces natural resources in the Americas, Asia/Pacific, and Europe, have a Relative Strength Index (RSI) of 43.01.
On March 07th, 2017, Teck Resources reported the early results of its previously announced cash tender offers to purchase the series of notes issued by the company. Teck also announced that it increased the aggregate maximum principal amount of Notes that may be accepted for purchase in the Tender Offers from US$650,000,000 to US$1,000,000,000. Following the repurchase of the US$1,000,000,000 of Notes, Teck will have an aggregate of US$5.1 billion principal amount of notes outstanding. Sign up and read the free research report on TECK at:
http://stock-callers.com/registration/?symbol=TECK
Cameco
Saskatoon, Canada headquartered Cameco Corp.'s stock saw a slight decline of 0.54%, finishing yesterday's session at $11.00 with a total trading volume of 2.65 million shares. The Company's shares have gained 1.48% in the last month, 6.11% over the previous three months, and 5.06% since the start of this year. The stock is trading above its 200-day moving average by 9.79%. Additionally, shares of Cameco, which produces and sells uranium worldwide, have an RSI of 45.23.
On February 08th, 2017, Cameco announced that its board of directors has approved a quarterly cash dividend of $0.10 per common share, payable on April 13th, 2017, to shareholders of record on March 31st, 2017. The complimentary research report on CCJ can be downloaded at:
http://stock-callers.com/registration/?symbol=CCJ
Uranium Resources
Shares in Centennial, Colorado-based Uranium Resources Inc. ended the session 3.30% lower at $1.76. The stock recorded a trading volume of 722,186 shares. The Company's shares have gained 25.71% over the previous three months and 28.47% on an YTD basis. The stock is trading 8.74% above its 200-day moving average. Moreover, shares of Uranium Resources, which explores for, develops, and produces uranium, have an RSI of 36.07.
On March 06th, 2017, Uranium Resources announced that it has completed certain key activities in support of ongoing work at the Columbus Basin Project, including the acquisition of geophysical data from a major mining company and the submittal of two water rights applications to the State of Nevada. Register for free on Stock-Callers.com and access the latest report on URRE at:
http://stock-callers.com/registration/?symbol=URRE
Tahoe Resources
At the closing bell on Monday, Reno, Nevada headquartered Tahoe Resources Inc.'s stock climbed 1.22%, finishing at $7.44. A total volume of 3.75 million shares was traded, which was above their three months average volume of 2.72 million shares. The Company's shares are trading 17.01% below their 50-day moving average. Additionally, shares of Tahoe Resources, which together with its subsidiaries, explores, develops, and operates mines in the Americas, have an RSI of 32.29.
On March 09th, 2017, Tahoe Resources announced that it achieved record quarterly gold production of 119.9 thousand ounces in Q4 2016, with silver production totaling 4.8 million ounces. Total cash costs and AISC averaged $594 and $945, respectively, per gold ounce, and $6.48 and $9.76, respectively per ounce of silver in Q4 2016. The Company's earnings in Q4 2016 were $0.3 million, or $0.00 per share, while adjusted earnings for the quarter were $18.4 million, or $0.06 per share. The $0.06 per share difference between earnings and adjusted earnings was due to a $19.3 million, or $0.06 per share non-cash, non-recurring deferred tax expense related to an increase in the statutory tax rate in Peru to 29.5% as of January 01st, 2017. Get free access to your research report on TAHO at:
http://stock-callers.com/registration/?symbol=TAHO
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